Real Estate

Apartments in Paris – Rent or Buy

Paris is one of the most iconic cities in the world as people flock there to visit such sights as the glorious Eiffel Tower and the wonderful Champs Elysees. Since the financial crisis, the property market in Paris suffered something of a collapse. The price of flats and apartments for sale in the French capital dropped significantly, and have stayed considerably low.

On the other hand, the price of Parisian flats for rent stayed the same. The rental market in Paris is extremely popular, largely due to the sheer wealth of attractions, the positive job outlook, and the exceptional education system.

Where To Live In Paris

Paris is by far the biggest city in France and is split up into different regions, often referred to as districts. With that being said, what are some of the best areas to live in Paris? Truthfully, you want to find apartments to buy or rent that are close to some of the main attractions and hotspots the city has to offer.

So, we’ve compiled a list of the best places you should think about living in:

  • Flats close to Eiffel Tower
  • Flats near Disneyland Paris
  • Flats within a good distance of the CDG Airport
  • Flats by the Gare Du Nord station
  • Flats by the Gare de Lyon station
  • Flats in the city centre
  • Flats by St Germain
  • Eiffel Tower

You will find so many great apartments with an Eiffel Tower view in Paris. What’s great about living here is you get to be in a busy part of the city, and encounter many locals with a typical French attitude. There are flats for sale in this area, as well as one’s for rent short term and for rent long term.

This is a location where it makes sense to buy a flat as you can then lease it out to holiday goers should you decide to move elsewhere.

Disneyland
Disneyland Paris is right on the outskirts of the city, but there are direct transport links to it. You will also find some apartments to rent or buy right by the complex. This is a great idea for short term rent if you and your family want to visit Disneyland for an extended period of time, as they’re cheaper than hotels. Also another great idea for investing in a Parisian apartment to lease out.

CDG Airport
CDG airport is the biggest airport in France and, according to Expedia, has flights to many countries all over the world. Flats within this area are reasonably priced for both renters and buyers due to the airplane noise pollution. The area is still desirable as you are close to a big airport meaning it’s perfect for students or people looking for short-term rental apartments on business trips.

Gare Du Nord
The Gare Du Nord station is home to the Eurostar train connecting Paris and London. As such, apartments in this area are very desirable and come with a cost. You’re also very close to a lot of main Paris attractions in this area

Gare De Lyon
The Gare de Lyon station connects Paris with other major cities in France. It’s also a great place to start if you need to journey around the metro system and get to work every day. It’s also close to the city centre and near many Parisian hotspots

City Centre
By far the most expensive flats are the ones in the city centre. However, you do get to live in a prime location. These flats are perfect if you have intentions of living in France for the long-term future. If you’d rather find something for rent on vacation, then you’re better off looking outside of the city centre.

The beauty of living in the city centre is there’s never a dull moment. Something is always happening, whether it’s summer or Christmas! A quick look on Tripadvisor will show you all the hot spots in Paris central for you to enjoy.

St Germain
St Germain is a popular area of Paris that’s full of artistic museums and lovely cafes. It’s the perfect place to live thanks to its close location to main railway networks and the city centre. Plus, it’s close to a hospital too, making it a great family location.

Types Of Flats & Apartments In Paris
Next, it’s time to think about the types of Parisian flats and apartments you can find.

  • For sale
  • For rent short-term
  • For rent long-term
  • For students
  • Cheap rent
  • For vacations

To Rent Or To Buy?

The big question isn’t whether or not you should live in Paris, it’s whether or not you should rent or buy. Both have their benefits, which can be seen down below:

Benefits Or Renting:
While rentals in Paris can be expensive in some districts, there are some positive reasons why you may choose to rent instead of to buy:

  • Can find long-term and short-term rent
  • Ideal for renting holiday apartments
  • No commitment to a single property
  • Easier to finance than buying an apartment

Benefits Of Buying:
Likewise, there are many benefits of buying a flat or apartment in Paris:

  • Prices are cheap compared to other big cities
  • Don’t have to keep up with monthly rent
  • Ideal if you want to live in France for the foreseeable future

Generally speaking, there is a higher concentration of Paris rentals by owner compared to flats that are bought and lived in permanently. Largely, this is because the buying/selling real estate market is bad, so you can’t flip apartments for a profit. However, you can buy an apartment and then put it on the market for a short-term rent to get money when you don’t live there.

Flats For Students
Paris has earned a reputation for being one of the best cities in Europe – and the world – when it comes to education. As a result, there’s been an explosion of foreign students journey to Paris to study at university. The main Paris universities all indulge in the Erasmus scheme to accept foreign exchange students. As a result, there is a lot of student accommodation provided by the university.

However, if you apply on your own without being part of the scheme, you may have to find your own accommodation, particularly if you’re a mature student. Typically, you’ll be looking at either living in hostels or trying to find apartments for short term rent while you study.

Even if you can get student accommodation, many people choose to rent flats instead. Why? Because there are benefits:

  • Can choose where you want to live
  • Flats are cheap to rent when you live with other people
  • Don’t have to live by strict student accommodation rules
  • Can find flats with long term leases as well as short ones if you want to stay in Paris after your semester’s end.

Students should search for flats through an agency and try to find ones in good locations with plenty of public transport links to and from their university.

Flats For Vacation
Much of the real estate in France is dominated by people buying or renting flats for a holiday. Paris is full of flats and Citadines that are ideal for holiday goers. They have short term rent leases and are far more affordable than hotels.

There are many things you should look for when renting or buying an apartment for your vacation:

  • Distance to main attractions
  • Price
  • Number of bedrooms
  • Lease period (if renting)
  • Public transport links

Ideally, you want to find somewhere that’s close to public transport, meaning you can get around Paris daily, but it can’t be too far away from all the main attractions Paris has to offer. Also, you want something that’s reasonably well-priced considering the number of bedrooms you get. Of course, there’s no point renting a flat if it has a long-term lease for a few months and your vacation is only going to last a few weeks.

Finding Your Ideal Paris Apartment/Flat
As one of the leading estate agents in Paris, we can help you find your ideal apartment or flat. With a variety of properties under our radar, we will have something that suits your needs and demands.

When figuring out your ideal Paris apartment, it’s important to consider these things:

  • Are you buying or renting?
  • If you’re renting, do you want a short term or long term rental?
  • How much can you afford to spend?
  • What is the purpose of your apartment? (Student flat, vacation property, family home, etc.)
  • Where do you want to live in Paris? (See the popular areas earlier in this guide)
  • How soon do you need to move in?

Answer all these questions for us, and we’ll soon narrow down your search and come back with a handful of apartments/flats that are perfect for you.

Get in touch with us today by viewing the Contacts page of our site and calling us or emailing any queries. We’re also active on social media, and a member of our team is more than happy to answer any questions you may have for us.

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